Patriotism 101

    There is a lesson to be had from the Patriots of Ukraine.  I guess there are many, but we need to start with one.  It was reported on the news this morning that the prices for groceries in Ukraine markets have not risen during the Russian invasion.  The lines outside of the large suburban grocery markets are long.  The demand for food is high and the supply is short, but prices are not rising.  This tells you that high demand and shortages do not necessarily cause price increases.  Greed needs to be present.  That grocery store is not experiencing higher costs, so they are not punishing a war-torn nation with inflation.  Their wealthy appear to be Ukrainian Patriots.

   Turn your attention now to the CEOs of American Oil Companies.  According to the U.S. Energy Information Administration, in 2020, Russia sent less than one per cent of their gas and oil production to the US.  We send more gas and oil to Russia than they do to us.  So, even with a war in Ukraine, there is no shortage of fuel in The United States.  Our oil companies will create the illusion of “blow back” and shortage in order to raise the price at the pumps and their profits, but it just isn’t so.  The oil companies determine the price and supply. You and your government have no say in the matter.  The same goes for the pharmaceutical companies and each of those industries prove it every day.  Inflation is ruled by industry.

   It would be good for the US to sanction Russian fuel sales, not because it would hurt Russia, but because Europe would follow and this would cripple the Russian economy.  With this hammer over Putin’s head he may pull out of Ukraine.  He needs to know that an invasion of Ukraine or any part of Europe will cripple his nation’s economy and make Russia smaller, not larger.   We need to make that “Light on the hill” burn a little brighter.

Cheers, Old Buz     3/2/22

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